Business Forum • 26 February, 2026 at 8:33 AM
Industrial developer CTP recorded gross rental income of €759.8 million in 2025, up 14.4% year-on-year with like-for-like rental growth of 4.5%.
The company delivered 1.33 million sqm at a yield on cost of 10.4% with 88% let at completion, bringing the group's standing portfolio to 14.6 million sqm of GLA. Strong leasing demand supported by rising disposable incomes in CEE markets and nearshoring trends translated to a record 2.33 million sqm of leases signed at 4% higher rent levels compared to 2024.
"On the back of strong tenant demand we signed 2.32 million sqm of new leases in 2025, 10% more than in the same period last year and record 1.32 million sqm of development completions," said CEO Remon Vos. The company made its first investment in Italy in 2025, securing an 8.7 million sqm landbank including immediate development potential, with 200,000 sqm scheduled for completion in 2026.
CTP's gross asset value increased by 15.7% to €18.5 billion. Company-specific adjusted EPRA earnings increased by 11.3% year-on-year to €405.0 million. The group's landbank amounted to 33.8 million sqm as at 31 December 2025, with 55% located at existing parks and 39% in new parks with potential for over 100,000 sqm GLA each.
At the same time, its EPRA NTA per share increased by 12.8% to €20.39, resulting in a total accounting return of 16.1%.
The company sets guidance for 2026 company specific adjusted EPRA EPS of €1.01-€1.03, implying year-on-year growth of 9-11%. CTP expects to deliver between 1.4-1.7 million sqm in 2026 and reach €1.0 billion annualised rental income in 2027.